Altcoin Investing Picks #54
PLUS: Portfolio Update
It’s Pick Day!
Every Saturday, you get deep dives on quality Altcoin projects that have numerous growth potential.
Today we’ll dive into Centrifuge.
News & Cool stuff
ArkInvest announced the partnership with 21Shares to bring five new digital asset ETFs to market.
Nomura’s Laser Digital follows BTC fund with ETH offering.
David Hoffman: What I Learned at Solana Breakpoint
Ethereum as a technology and ether (ETH) as an asset are not as widely understood as you’d expect. The Ethereum Investment Framework (EIF) aims to fix this.
Market Update
Altcoins
Altcoins Market Cap : 639b [Change (1Y): +24%]
BTC Market Cap: 669b [Change (1Y): +50%]
BTC Dominance: 52,18% [Change (1Y): +26%]
DeFi
Total Value Locked All Chains: 54b [Change (1Y): +0%]
Total Value Locked No ETH: 23b [Change (1Y): +9%]
DeFi Coins Market Cap: 63b [Change (1Y): +33%]
Stablecoins Market Cap: 125b [Change (1Y): -14%]
Deep Dive
Centrifuge
Centrifuge is the platform for on-chain finance, enabling a radically faster, more cost-effective, and fully-transparent model for connecting investors and borrowers with bankless liquidity.
The Basics
Industry: DeFi
Vertical: Lending
Market Cap: $159.01M (+60.9% last 365 days)
Current Price: $0.4434
All Time High: $2,55
Founders: Lucas Vogelsang, Martin Quensel
How does Centrifuge work: Lenders deposit funds into Centrifuge App and receive interest payments from borrowers (supply-side fees).